this post was submitted on 29 Aug 2023
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200,000 users abandon Netflix after crackdown backfires (www.forbes.com.au)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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200,000 users abandon Netflix after crackdown backfires::Aussies have spoken, and the results are not looking good for Netflix. A new report reveals why users are turning to streaming competitors.

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[โ€“] buddascrayon@lemmy.world 17 points 1 year ago (1 children)

It's not even greed. It's horrible mismanagement. They dug themselves a whole bunch of financial holes based on a false belief that they could continue seeing the same subscription growth without stopping to consider the possibility that there was a point at which they would inevitably plateau. And now they are scrambling to find ways to make up the shortfalls in their goals now that the plateau is in sight. Some genius executive thought cracking down on shared accounts would fix that. ๐Ÿ˜‚

[โ€“] JoJoGAH@lemmy.world 11 points 1 year ago

Idk , I mean.... unsustainable growth , to me, that's the same thing as greed.